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US prosecutors investigate Jay Powell over revamp of Fed headquarters
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Why This Matters
US prosecutors are investigating Jay Powell, the chair of the Federal Reserve, over the revamp of the Fed's headquarters. Powell claims the probe is retaliation for his refusal to lower interest rates as demanded by former President Trump. The investigation may impact Powell's leadership and the Fed's independence.
Market Impact
Market impact analysis based on bearish sentiment with 70% confidence.
Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Central bank chair said probe is retaliation for refusal to bow to Trump’s demand for interest rate cuts
Original article published by
Financial Times
on January 12, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.